Connect with us

Economy

By repealing individual mandate in tax bill, Senate rolls the dice on a big win

Published

on

By repealing individual mandate in tax bill Senate rolls the dice on a big win

2017 hasn’t been a good year for Republicans on Capitol Hill. They haven’t been able to accomplish anything of merit despite having a Republican in the White House. In fact, they’ve passed fewer bills of impact than they did when President Obama was in the Oval Office.

Tax cuts are a must as they head into a midterm election years. Now, they’re upping the ante in the Senate by proposing inclusion of individual mandate repeal on Obamacare.

“We’re optimistic that inserting the individual mandate repeal would be helpful and that’s obviously the view of the Senate Finance Committee Republicans as well,” Senate Majority Leader Mitch McConnell told reporters.

They aren’t just going up against push back in the Senate itself; no Democrats will support it, leaving only two Republicans who can object. They still have to get it through the House. If they can pull it off, this could be the momentum-builder they need to mitigate some of the damage the party’s been experiencing. If they can’t this will be another demerit that could sink them a year from now.

Further Reading

U.S. tax bill should include repeal of health insurance mandate: Senate Republican leader

https://www.reuters.com/article/us-usa-tax-senate/u-s-tax-bill-should-include-repeal-of-health-insurance-mandate-senate-republican-leader-idUSKBN1DE2QDWASHINGTON (Reuters) – Senate Republican leader Mitch McConnell on Tuesday threw his support behind including a repeal of the Obamacare mandate for individual health insurance in the Senate’s tax reform bill.

“We’re optimistic that inserting the individual mandate repeal would be helpful and that’s obviously the view of the Senate Finance Committee Republicans as well,” McConnell told reporters.

Senate GOP tax bill will include repeal of ObamaCare mandate

http://thehill.com/homenews/senate/360327-thune-senate-tax-bill-will-include-repeal-of-obamacare-mandateConservatives led by GOP Sens. Ted Cruz (Texas), Rand Paul (Ky.) and Tom Cotton (Ark.) pushed hard to include the provision, which would eliminate the federal penalty on people who do not buy health insurance. President Trump has also pushed for the provision to be part of the tax bill.

McConnell told reporters that adding the individual mandate repeal will make it easier to muster 50 votes to pass the bill.

Senate tax bill will include individual mandate repeal

https://www.axios.com/senate-tax-bill-will-include-individual-mandate-repeal-2509467417.htmlThe Senate plans to include a repeal of the Affordable Care Act’s individual mandate in its tax bill. As part of the deal, the bipartisan ACA stabilization bill introduced by Sens. Lamar Alexander and Patty Murray will get a separate vote on the Senate floor.

What to watch: Whether a tax bill that repeals the individual mandate can get 50 votes. If it’s part of the package, odds are the answer is yes. But this definitely escalates the tax bill’s drama — especially if and when the House and Senate must reconcile their versions.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Economy

The number of companies helping employees thanks to tax cuts is 164 and rising

Published

on

The number of companies helping employees thanks to tax cuts is 164 and rising

Republican tax cuts were met with instant success on the business front when the President signed them into law last month. Companies across the nation rewarded their employees and customers by passing on some of the saving they’ll get. It’s helping to push the economy even higher than it was last year.

As Nick Givas covered over at Daily Caller, the total number of companies giving back to their people is 164 and rising:

164 Companies Credit Tax Reform For Bonuses And Pay Raises

One hundred sixty-four companies have gone on record stating they gave bonuses and pay raises to employees because of the new tax reform law, according to Americans for Tax Reform. The list has been continually updated and jumped from 40 companies to 164 in 10 days, The Washington Examiner reports. The businesses include: American Airlines, AT&T,… (more…)

Continue Reading

Democrats

With both sides wanting more spending, Wednesday’s government funding discussions end in a stalemate

Published

on

With both sides wanting more spending Wednesdays government funding discussions end in a stalemate

There was no movement Wednesday as top Republican and Democratic leaders met at the White House to lay down their ultimatums for funding the government. With two weeks of funding still allotted, neither side seemed to be in a hurry to compromise.

One of the main sticking points was purely political. Democrats wanted something written into the spending agreement that would give certain guarantees to “Dreamers” who they say are having their futures jeopardized by President Trump’s rescinding of President Obama’s DACA executive order. This is purely for show to try to win back some of the Hispanic voters they lost in 2016 and into 2017. With the President showing more compassion for “Dreamers” than anticipated by preemptively demanding that Congress put together a permanent fix, Democrats needed to regain ground and act as if they’re the ones fighting on behalf of illegal immigrants.

Republicans were equally theatrical with their opposition to such an addition to the funding agreement, claiming they wanted to first fund the government, then address DACA before the March deadline. They could just as easily allowed something in the funding agreement, knowing they’re going to pass some variation of amnesty in the next month and a half, but instead chose to draw the red line.

The more alarming sticking point in the funding deal is that both sides want to spend more and are actually leveraging the other side’s spending increases to negotiate for spending increases of their own. Republicans want to raise defense spending. Democrats are opposed unless they can raise non-defense spending as well. In the end, it’s very likely that this “impasse” will result in both sides getting what they want: move spending across the board.

Further Reading

No spending deal after GOP, Dems meet with White House officials Wednesday

http://www.washingtonexaminer.com/no-spending-deal-after-gop-dems-meet-with-white-house-officials-wednesday/article/2644897“It is important that we achieve a two-year agreement that funds our troops and provides for our national security and other critical functions of the Federal government,” the White House, House Speaker Paul Ryan, R-Wis., and Senate Majority Leader Mitch McConnell, R-Ky., said in a joint statement. “It also remains important that members of Congress do not hold funding for our troops hostage for immigration policy.”

“We’ve been clear about these budget priorities from the beginning and hope that further discussions will lead to an agreement soon,” they added.

Continue Reading

Economy

Leon H. Wolf on both major parties growing government and budgets

Published

on

Leon H Wolf on both major parties growing government and budgets

Leon H. Wolf, managing editor at The Blaze, is a big fan of limited government. Unfortunately most Republicans and all Democrats on Capitol Hill tend to favor expanding government. It’s no wonder Wolf is opposed to the way leaders in the two major parties are attempting to fund government.

In a recent article, he went after the parties and the whole process being initiated with the new year. One line in particular is worth highlighting:

“It should be noted that almost no one in either branch of government on either side is attempting to actually reduce the size of the government or its budget.”

Source: The Blaze

Republicans and Democrats open 2018 by arguing over how much to grow the size of government

http://www.theblaze.com/news/2018/01/01/republicans-and-democrats-open-2018-by-arguing-over-how-much-to-grow-the-size-of-governmentAs the holiday season comes to a close, Republicans and Democrats are opening the new year by resuming debate over a measure to fund the government through the end of 2018. The two sides failed to reach a compromise before the end of the year on such thorny issues as protection for Deferred Action for Childhood Arrivals (DACA) recipients and funding for a wall on the southern border. But in addition to these sticking points, the two sides also appear to disagree over exactly how much the government should grow.

According to Reuters, the White House is pushing for massive increases in military spending along with a 7 percent increase in overall non-discretionary non-military spending, while Democrats are holding out for an 11 or 12 percent increase in non-discretionary spending.

Continue Reading

NOQ Report Daily

Advertisement

Facebook

Twitter

Advertisement

Trending

Copyright © 2017 NOQ Report.